You have just been assigned to the audit Namtip, Inc. to test the accounts receivable using PPS. Per the audit program and other sources the following relevant information is found: Total dollar amount for the 1,738 accounts receivable per the subsidiary ledger is $3,648,685, the Risk of Incorrect Acceptance to be used is 10% and the tolerable error is $84,375 while the expected error is $18,000. A. What is the required minimum sample size and sampling interval? B. Assume the following five errors were found as a result of the testing process. Account Book Value Audited Value DU $32,500 $21,500 TT 18,000 18,450 MP 7,500 6,675 BB 16,000 12,800 ST 5,000 4,250 Determine each of the following: o Projected Misstatement o Basic Allowance for Sampling Risk o Incremental Allowance for Sampling Risk Upper Error Limit 0 You have just been assigned to the audit Namtip, Inc. to test the accounts receivable using PPS. Per the audit program and other sources the following relevant information is found: Total dollar amount for the 1,738 accounts receivable per the subsidiary ledger is $3,648,685, the Risk of Incorrect Acceptance to be used is 10% and the tolerable error is $84,375 while the expected error is $18,000. A. What is the required minimum sample size and sampling interval? B. Assume the following five errors were found as a result of the testing process. Account Book Value Audited Value DU $32,500 $21,500 TT 18,000 18,450 MP 7,500 6,675 BB 16,000 12,800 ST 5,000 4,250 Determine each of the following: o Projected Misstatement o Basic Allowance for Sampling Risk o Incremental Allowance for Sampling Risk Upper Error Limit 0